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Dallas – Fort Worth Ranks Third Hottest Real Estate Market

Dallas – Fort Worth Ranks Third Hottest Real Estate Market

Said to be trailing behind Vallejo-Fairfield and San Francisco-Oakland areas of California. Dallas – Fort Worth ranks Third Hottest Real Estate Market in the country, according to realtor.com.  The housing prices have been being monitored everywhere, and they are showing no signs of decrease. As a matter of fact they are increasing all over, and DFW is has made the hot list.

Buying A New Home Soon

Take note! That if you are in the market to buy a new home this year Jonathan Smoke, chief economist for realtor.com says the DFW market “is shaping up to be even more of a seller’s market” than it was in 2016. The National Association of Realtors reported that the home sales week after week is at the highest that they’ve been in a decade.

It’s No Secret

Barely into the fourth month of 2017, and the market has already seen an outstanding increase of home purchases and sales. The national median price rose substantially to $250,000, a 9-percent increase in February. And now the Median has increased to $300,000. The North Texas average age of inventory in February was no more than 44 days, which according to that reported by Evan Hoopfer – Dallas Business Journal’s digital reporter was much lower than January’s median age of 63 days.